- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: PBOC Net Drains CNY35 Bln Via OMOs Tuesday
MNI: PBOC Yuan Parity Higher At 7.1075 Tuesday; -6.36% Y/Y
(H2) Probes Key Short-Term Resistance
- RES 4: $500.00 - Psychological round number
- RES 3: $487.35 - 1.764 proj of Aug 19 - Sep 13 - Sep 21 price swing
- RES 2: $477.70/83.40 - High Oct 18 / High May 10 and the bull trigger
- RES 1: $464.08 - 61.8% retracement of Oct 18 - Nov 17 sell-off
- PRICE: $446.80 @ 13:59 GMT Nov 25
- SUP 1: $420.00 - Low Nov 17
- SUP 2: $409.90 - Low Oct 6
- SUP 3: $404.00/401.30 - Low Sep 30 / Low Sep 21
- SUP 4: $397.05 - Low Aug 19
Copper futures have traded higher again today. The contract has probed resistance at $448.60, Nov 15 high. A clear break of this hurdle would strengthen short-term conditions for bulls and pave the way for a climb towards $464.08, a Fibonacci retracement level. Further out, this would also open $477.70, the Oct 18 high and a key resistance. Key support has been defined at $420.00, the Nov 17 low.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.